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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

LOCO Sporting the Rare, “False, Pendejo Breakdown” Pattern

chessNwine Wed Jul 30, 2014 11:04am EST 2 Comments

Yesterday morning’s move below $30 on LOCO may have been scary, but the stock is making fresh highs today on a break-taking comeback. It was truly a false, pendejo breakdown which led to a fast move higher.

Plenty of our 12631 members are in on this trade and doing quite well.

Not me, though, as I instead got stopped out of my gold miner long for a loss this morning on disappointing action from what had been an attractive long setup.

What are you trading this morning?

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LOCO

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2 comments

  1. Raul3
    Raul3
    July 30, 2014 at 11:06 am

    ayyyyeee!

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  2. superocean9
    superocean9
    July 30, 2014 at 11:13 am

    Heavy Cash position.
    Long: $ANR, $SGEN , $HMC & small $UGAZ

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